Industrial production grows 5.7% in November 2016

Industrial production grows 5.7% in November 2016  

According to the latest factory output and inflation data Index of Industrial Production (IIP) released by the statistics office showed industrial production at a one-year high of 5.7% in November 2016.

About Other Sectors :

Consumer inflation fell in December 2016 to 3.41% and  CPI inflation was marginally higher at 3.63% in November 2016.  Manufacturing PMI(Purchasing Managers’ Index) for December 2016 had shown a Industrial production grows 5.7% in November 2016contraction for the first time in 2016. The numbers also got a lift from the weak base of November 2015 that had a 3.4% contraction.

Electricity generation registered the fastest growth at 8.9% 

Manufacturing output is increased by 5.5%

 Mining production is raised by 3.9% 

 Capital goods grew by a robust 15% 

Basic goods increased by 4.7% and

Output of intermediate is raised by 2.7%